Market concealment triggers correction
Companies and business owners have begun reviewing their legal structures and rectifying licensing arrangements as the enforcement of the Anti-Commercial Concealment Law approaches, following the expiration of the six-month grace period set by authorities. The law focuses on combating practices such as "embedding," where activities and profits are managed and controlled by unlicensed individuals or entities. Responsibility under the law extends to both individuals and corporate entities. The implementation is expected to lead to the restructuring of many activities rather than their closure, with penalties including up to three years of imprisonment and fines of up to 100,000 dinars, in addition to confiscation, closure, and the deportation of foreigners.
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